WASHINGTON, D.C. — After several months of notable changes, little movement involving the average interest rate on new-car loans at auto finance companies in August. According to the Federal Reserve's latest report, the August average edged down just marginally to 3.86 ... [Read More]

BENTONVILLE, Ark. — America's Car-Mart recently opened up its 100th dealership, extending its network that now stretches through eight states. Former Auburn football coach Pat Dye was on hand as part of the celebration to usher in the new store ... [Read More]

BROOKFIELD, Wis. — Fiserv announced Tuesday that its Automotive Loan Origination System will integrate with Open Dealer Exchange. The inclusion of Open Dealer Exchange in Fiserv's LOS is designed to give clients an extended range of alternatives for automating the exchange ... [Read More]

SCHAUMBURG, Ill — Experian Automotive announced Tuesday that it has chosen NADA Used Car Guide's vehicle valuation data for its AutoCount market share reporting for lenders. According to management, the accuracy of NADA's values can help retailers and lenders to better ... [Read More]

DENVER — Access Capital Investment Group recently unveiled a new acquisition program to assist auto loan originators in better managing their consumer portfolios. What ACIG believes is most unique is that this program has the flexibility to price and purchase all ... [Read More]

RANCHO SANTA MARGARITA, Calif. — Finance Express revealed this week that ACS Financial has come on board as another lender using the provider's Web-based financial services and technology platform. Officials noted ACS offers leasing and retail financing at prime rates to ... [Read More]

IRVING, Texas — On Wednesday, Exeter Finance Corp. announced it is opening two new offices, expanding the company's branch network, in addition to joining RouteOne. The special auto finance company has now has branches in Philadelphia and Atlanta. Rather than ... [Read More]

FARMINGTON HILLS, Mich. — Thanks to  a successful pilot that was launched not long after the iPad became available, Mercedes-Benz Financial announced this week that it is handing out iPads to all 355 dealers to give them instant mobile access to ... [Read More]

WASHINGTON, D.C. — The American Bankers Association's Consumer Credit Delinquency Bulletin found that both direct and indirect auto loan delinquencies dropped in the second quarter. ABA revealed that direct auto loan delinquencies declined from 1.79 percent to 1.67 percent. Meanwhile, indirect ... [Read More]

ALEXANDRIA, Va. — Through the first nine months of this year, the American Bankruptcy Institute revealed that U.S. consumer bankruptcy filings are 11 percent higher than during the same time span last year. According to data provided by the National Bankruptcy ... [Read More]